Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14806. (Read 26708235 times)

For that same reason websites like WalletInvestor are extremely dangerous to believe in. If a future prediction is based on a very short period of extremity, then of course the prediction will follow that line of thought. It leaves however out of account the wider context, for example that this period is also the period where many new investors came and just invested in anything they could get their hands on. If one takes into account only the things that fit a certain point of view, then it's pretty useless to listen to, because that point of view itself is predictable. Great thinking.

Last from ML (Google translate)

People going crazy because the line of a chart shows an unexpected alteration. Better to stay in bed for them if this worries.

I'm also not sure how people think they can predict the bitcoin future price, there's too much rubble at the moment to see clearly. It's like black friday all day for over two months, and some people bought too much stuff and are now selling that same stuff below price because they need food instead. That impulsive period of buying isn't where you should focus all your analysis if trying to make an estimate

What “this” are you referring to and what “end” are you talking about?  It’s like gibberish.

Step away from the ledge, RF.... Don't do it!!!!!!   Don't do it!!!!

I don't mean to be calling you names, but it just does not seem to be a good strategy to play like that - which I mean is selling at about 55% retracement.. and the practice should not be different whether you are holding a lot or holding a little, and probably the most convincing mistake is that either you had not sold enough earlier or you had invested too much (even if it is a small amount)... but yeah, it is understandable that each of us have to do what ends up being comfortable for us... and hopefully learn how to improve our methods so we don't do the opposite of what would be a better practice (buying on the way down - or worse case scenario, just HODLing)

Don't let Bitcoin force you into checking it all the time. You will get no sleep or work done.

Vowing to myself not look at my phone at 3:00 am tonight, like I did last night. Setting up a few bids in case it goes lower while I sleep. Although it would be nice to get back some of my BTC that I let go, earlier; it will be nicer to see a monumental rebound. Maybe a deep dip followed by the mother of all rebounds would be ideal.   That's probably hoping for too much though.

deep breaths

remember your happy place

Wolf Of Wall Street Says Bitcoin Could Hit $50K Before Crashing
https://cointelegraph.com/news/wolf-of-wall-street-says-bitcoin-could-hit-50k-before-crashing

This is true? Or bitcoin is dead now 

Lightning network and Bitcoin's superiority will be the story of the year. Altcoins have experienced and may likely continue to experience a relative death.

Will reiterate - great entry point to buy Bitcoin at these levels.

Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.

BOYS ALL GOOD




20 k anyone?


/edit

https://www.youtube.com/watch?v=VYmFpYdwqLs

mempool closed, due to lack of interest.

https://dedi.jochen-hoenicke.de/queue/#30d

They are doing this in India and even in North America, but at a lesser extent.
They are just blocking people's cards if they are using it to buy crypto.

But some are also saying that Capital one are closing their cards outright for even attempting to purchase anything related to crypto.
If they see coinbase or "crypto" as the seller, they will close their card right then and there.

Funny how the world has reacted to crypto and treat it since late last year when it was worth more than an ounce of gold.
But now... they are just putting up barred wire(and not paying much notice to it all the sudden ) incase it does reach over $17,000usd again.

I will wait till 2020 before I sell shit only buying now. 💥⚡️🤔

Hopefully that S9 price is as discounted as bitcoin is!

Yeah kind of..
Have a very small stash.

Sold the trading stash. Don't have the balls i guess.
Im expecting a bounce at the current level.Just gave up on it.A small rally once the selling pressure subsides.
Opted to put in buys the way down. Hoping atleast the 7500 fills.
Bounce @8900
Bounce @7500
Bounce @5500

I don't think that anyone can fault you for running out of fiat on the exchanges because sometimes it can be difficult to judge exactly, even while there is kind of a need to continue to attempt to prepare for worse case scenarios.


In the past I have been guilty of running out of money on exchanges and having to juggle things around, yet some of this preparation has gotten easier, especially when we had experienced such exorbitant price rises, including a 7.5x price rise from August to December (that was from about $2,600 to $19,666).  I kind of forced myself to restructure my whole order book around $15k - because previously, I had attempted to prepare for at least a 50% retracement yet when we approach 35% or even 40%, we can start to get nervous that preparation for 50% is not enough, and also we know that BTC has suffered a few corrections that approach the 90% levels.

Personally, i am thinking that 60% is about the deepest of this retracement, which would be around $7,800 - but yeah the longer it goes on and the closer it gets can bring doubt on that kind of thinking.. and hopes that there is sufficient buying support that will push the price back up, once we might get some kind of last ditch effort to spike the price down.

Surely, up is better than down.. but if we are getting lemons, then we just gotta make ourselves some lemonaide out of the situation, no?